The Power of Business Coaching for Contractors
As a contractor, you wear many hats. You’re not only responsible for delivering high-quality work to your clients, but you also need to manage your team, handle finances, and continuously grow your business. It’s a lot to juggle, and it’s easy to feel overwhelmed or stuck in a rut. That’s where I come in. As […]
Busting Common Estimating Myths for Construction Business Success
Hey there construction business owners! As a construction business coach, I’ve had the pleasure of working with many of you to improve your project outcomes and overall success. One key aspect that always comes up is estimating. We all know how vital accurate estimates are for project success, but there are some common myths out […]
Improve Your Efficiency and Profitability By Hiring A Construction Business Coach
Hiring a construction business coach is a great way to improve the efficiency and profitability of your construction business. Coaching can help you develop a clear vision for your business, create strategies and plans to reach your goals, and identify any obstacles you may face along the way. With the help of a knowledgeable construction […]
Effective Team Meetings – How to Have Better Meetings
We all have been there- the weekly Monday morning field meeting. All key people from the job site reporting on progress. If you’re like most contractors, you’ve probably had your share of less than effective team meetings. Maybe they ran too long or didn’t do much to improve the schedule or solve issues. The same […]
Construction Business Owners – Here’s How To Increase Your Profit Margins – Part 2
In part 1 of this 2-part series, I wrote about the importance of understanding your numbers and becoming more bottom line focused and less revenue focused in order to have a sustainable highly profitable business. I reminded you that when it comes to construction, profit margins should be thought of first. I also covered the […]
Construction Business Owners – Here’s How To Increase Your Profit Margins – Part 1
Did you know that the average net profit for contractors is between 1.4 and 3.5 percent before tax (www.cfma.org)? Does this sound like a good profit margin for your business? In construction, profit margins are often thought about far too late in the process. That is obviously not enough to build a good business and provide […]
Mastering Job Costing for Precision Estimating and Project Success
How Job Costing leads to increased overall profitability We’ve all been there; you’re talking to a potential customer about a new project. You’re in the home stretch, but it’s time for job costing. You’ve reached an agreement with the project details, and everything is going well until you get to pricing… …Your mind begins to […]
Scheduling Construction Projects for Success: A Guide to Effective Planning and Execution
Scheduling is a critical component of any construction project, as it directly impacts the project’s success, efficiency, and profitability. A well-planned and executed schedule ensures that the project is completed on time, within budget, and to the required quality standards. In this blog post, we will explore the key elements of effective scheduling and provide […]
Hidden Losses: Identifying Top Causes Impacting Contractors on Construction
The construction industry is complicated, and this complexity allows problems to be “hidden” or buried in the everyday operations. The slightest problem on a job can be the difference between making money and losing money. What’s worse is those financial losses remain hidden, being discovered only after the damage has been done. That’s assuming the […]
